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Economics Explained

How Iceland Lost 50% of It's GDP, And Recovered

16 Dec 2024

Description

Iceland faced one of the worst economic collapses during the 2008 financial crisis, losing nearly half its economic output and teetering on the edge of becoming a failed state. Yet, through bold decisions, unique energy resources, and sheer resilience, this tiny nation turned its fortunes around to become a global leader in sustainability and economic recovery. But is Iceland’s success a replicable model or a case of perfect circumstances? Watch to uncover the fascinating story of a nation that defied all odds. Learn more about your ad choices. Visit megaphone.fm/adchoices

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